Star Receiver Goes For Brokers Over Commissions

Law360, New York (September 17, 2009, 5:31 PM EDT) -- In an effort to recover commissions for investors, the receiver for defunct oil and gas company Star Exploration Inc. is suing brokers who allegedly offered unregistered shares of Star and related entities.

Receiver Kelly M. Crawford filed a complaint Sept. 16 in the U.S. District Court for the Northern District of Texas against 15 broker defendants for nearly $1.3 million in commissions they allegedly made off of fraudulent transactions.

Crawford also is seeking prejudgment and postjudgment interest, attorneys' fees, expenses and court costs.

The suit names...
To view the full article, register now.